Modi's return will power India's defence, infra stocks, Motilal Oswal's Agrawal says

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Explore stories from Atlantic Canada.

Keegan Matheson on Blue Jays, Baseball Memories, and More | SaltWire #writer #torontobluejays #mlbBENGALURU - Indian Prime Minister Narendra Modi returning to power for a rare third consecutive term will boost shares of defence, infrastructure, railway and capital goods companies, the head of brokerage Motilal Oswal Financial Services said.

Analysts see a shock defeat for Modi as an unlikely event, but fear a market correction - like one witnessed two decades ago - in the event of an 'unclear' mandate. In his two terms, Modi has focussed on improving India's ramshackle infrastructure and boosting domestic manufacturing, including in the defence sector. The government has proposed a record infrastructure spending of $133 billion in the financial year 2025.

"If, for whatever reason, there is no clear mandate to the ruling party, then it's scary. The correction will be pretty sharp because the expectation built for policy continuity is very high," Motilal Oswal's Agrawal said.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 45. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين